“Microsoft’s M12 Fund and GitHub Back ToolJet, an Open-Source Developer Platform”
On Monday, ToolJet, an open-source low-code developer’s platform, announced that it has secured funding from M12, the venture arm of Microsoft, and GitHub, the cloud-based software development platform. The specific amount of investment remains undisclosed.
ToolJet, which was founded in 2021, has previously raised $6.1 million from various investors including Nexus Venture Partners, Ratio Ventures, Better Capital, and January Capital, among others. With the recent funding, ToolJet plans to expand its workforce and enhance its artificial intelligence (AI) capabilities within the platform.
Navaneeth Padanna Kalathil serves as the founder and chief executive officer of ToolJet. Prior to ToolJet, Kalathil co-founded MobioPush, which was acquired by Fresh works in 2015.
Priyanka Mi .tra, partner at M12 and co-founder of the M12 GitHub Fund, expressed their confidence in ToolJet’s approach to low-code enterprise app building and their engagement with the open-source community. They believe that low-code development is an essential way for businesses to accelerate innovation and are dedicated to supporting ToolJet in its mission.
ToolJet has gained popularity among developers and teams across Fortune 500 companies, scaleups, and startups worldwide. It boasts approximately 20,000 stars and 350 contributors on GitHub. The platform offers secure on-premise installation, allowing users to maintain control over their data even without internet connectivity. It also leverages open-source technology and integrates JavaScript-based plugins for customization and extensibility.
